Los Angeles, California, October 3, 2022, Chainwire

• A USDC integration with DeSo, a new blockchain that has raised $200 million from Coinbase, Sequoia, and Andreessen Horowitz, will launch next week.
• The integration gives DeSo a financial bridge to millions of Ethereum and DApp users, giving them one-click access to end-to-end encrypted chain messages and a full set of “Twitter-like” features.
• The integration paves the way for DeSo to become a cross-chain social layer for all web3

Today, social media is controlled by a handful of private corporations, but that could soon change as blockchains like DeSo start onboarding millions of Ethereum users from DeFi apps to social apps.

As one of the first industry illustrations of this, a USDC integration with the DeSo blockchain, backed by Coinbase, Sequoia, Andreessen Horowitz and others, effectively gives any Ethereum user access to a full decentralized social network.

The integration will allow millions of existing MetaMask and Ethereum users to onboard USDC-powered decentralized social apps and message each other using gasless end-to-end encrypted chain messages powered by DeSo. But that’s not all: these Ethereum users also get access to no-gas profiling, no-gas posting, no-gas tracking of other users, with a fully decentralized on-chain tracking graph, and much more.

The onboarding process is simple: users can deposit USDC from MetaMask into DeSo apps and receive a native DeSo stablecoin called DesoDollar. Once incorporated into USDC, all stablecoin transactions become virtually gasless, costing less than one ten-thousandth of a cent.

This financial bridge from Ethereum to DeSo will also allow developers to create web3 social applications for the first time. “Existing blockchains cannot store content efficiently,” he says Nader Al-Naji, the founder of DeSo. “It costs about $50 to store a 200-character Tweet on Ethereum, and about fifteen cents to store it on Solana, Avalanche, or Polygon. By contrast, DeSo is one-ten-thousandth of a cent, making it the first blockchain capable of disrupting storage-intensive applications such as social media,” he says.

Although DeSo currently only supports USDC via Ethereum, DeSo also plans to integrate with other stablecoin ecosystems like Solana in the future. “It is not our goal to be tied to a single chain,” says Al-Naji. “DeSo is a cross-chain solution that allows people to connect with each other no matter what ecosystem they are part of. DeSo is the unified social layer for all of web3,” he says.

This is the latest in a recent string of successes for DeSo. The platform listed on Coinbase earlier this year, announced a revolutionary MetaMask integration last week that has caused a significant increase in pricesand many new social apps like Diamonda web3 social network based on DeSo, was launched and is growing rapidly with a recent increase in the number of users.

In a world where many are dissatisfied with traditional social networks, USDC and DeSo offer a decentralized solution that can finally compete with the web2 giants. “DeSo is the first and only blockchain that allows developers to create social apps where you don’t even notice that you’re on a blockchain,” says Al-Naji. “That means that for the first time, we have the opportunity to finally expand web3 from the disruption of finance to the trillion-dollar social media industry.”

About DeSo

DeSo is a new layer 1 blockchain built from the ground up to decentralize social networks and scale storage-intensive applications to billions of users. They raised $200 million and are backed by Sequoia, Andreessen Horowitz, and several others.

$DESO, the native currency of the DeSo blockchain, is listed on Coinbase.

For more information on DeSo and claiming usernames, visit deso.com.

Contact

• Ash
• DeSo Foundation
• ash@deso.org
• 7207677819